Phototherapy Industry Insights, Applications and Competitive Landscape By 2027
Market Synopsis: Market Research Future (MRFR) has revealed in its recently published report that the global Phototherapy Market Insights is projected to grow at a CAGR of 4.6 % during the forecast period 2017-2023. The worldwide prevalence of vitamin D deficiency is one of the key factors responsible for fueling demand for phototherapy in the market. Phototherapy aids problems such as itching, inflammation, lack of bacteria-fighting systems in the skin, etc. Its application is expected to increase in the foreseeable future which is estimated to catalyze market expansion. The advancements introduced in the treatment of diseases such as psoriasis, vitiligo, jaundice, etc. through phototherapy is likely to retain the pace of the market proliferation. Phototherapy has been proven effective in treating jaundice among infants, which when coupled with the rising count of babies born with jaundice is likely to fuel demand in the market. However, the side effects associated with the therap